A HIGHLY RECOMMENDED AWARD WINNING QUALITY BUSINESS WITH COMFORTABLE HOME LOCATED IN A FAVOURED VILLAGE SETTING OFFERED AT A SENSIBLE ASKING PRICE OF £68,000 LEASE ASSIGNMENT TO INC. FULL INVENTORY, GOODWILL PLUS S.A.V.
- Sales circa £379,000 Inc. vat 53% Dry 47% Wet-GP £192,489 (60.8%) NET PROFIT £50,000+
- 16 ½ years same owners having enjoyed an enviable life style bringing up their family
- Beamed MAIN bar & period snug (40) – low ceiling inglenook DINING ROOM (36)
- Cottage style comfortable 2 bed accommodation with attic space to add rooms
- Recently resurfaced car park and well used pretty outside patio + smoker’s area
- Fully renewable and protected favourable Whitbread lease of 20 years – VIRTUAL FREEHOUSE. FREE of TIE for Wines, Spirits, Minerals, Guest Ales, Cider +100% machine income
LOCATION (CV35 0ET)
From J12 of the M40 follow the B4451 into the affluent Cotswolds Gateway Warwickshire village of GAYDON then left & right across B4100 into Church Road, the pub is ‘brown signed’ and easy to find. Within SHAKESPEARE COUNTRY the village is just 12 miles from STRATFORD upon AVON and 9 miles from HISTORIC WARWICK with BANBURY and ROYAL LEAMINGTON SPA within close distance. LONDON is just 1 hour away yet this popular residential and tourist area is steeped in MEDIEVAL & TUDOR HISTORY. Many fine and World renowned popular tourist attractions are located within the region such as Stratford itself. The fine Castles at Warwick and Kenilworth, Ragley Hall, Rural Craft Centres and in the village a more up-to-date attraction of THE HERITAGE MOTOR CENTRE offering a display (open all year) of the largest collection of British cars in the world, which along with the Land Rover Centre and its 6,000 employees on site makes this a must for the motoring press and well known TV presenters who frequent the pub (no names). A village known for its quality of property Inc. the 2nd oldest village hall in England, which provides a smashing location to live and work within. A further 2000 residential homes have planning permission’s along with a new Sainsbury’s supermarket bringing further business to the pub.
WHAT THE CUSTOMERS SAY - SUMMER 2016
Met with six friends for a bite of lunch. Lovely old village pub, not a flat screen TV or fruit machine to be seen. Good choice on the menu and we were all well fed at very good value. Look forward to returning soon.
This is a LARGE DETACHED 16th Century property of the ‘classic’ Warwickshire pub design, constructed of MELLOW COTSWOLD STONE with a tiled roof, the newer addition being of sympathetic coloured brick under a matching roof. The pub has a natural relaxed atmosphere and unusual layout. THE MAIN BAR (40) has a high pitched ‘Dutch Barn’ ceiling with milk churns and earthenware containers to its lower beamed aspects. A deep rich patterned carpet runs throughout with areas of stripped timbers in harder wearing areas. The room ‘sports’ a popular brick fireplace and is furnished with assorted polished wood tables, chairs and stools. Some of the walls are exposed original brickwork with a beamed wooden shelf running around, displaying bric-a-brac etc. BAR SERVERY is of timber construction with polished counter and T&G back bar fittings, bar stools to its front. UPPER LOUNGE has a timber floor and ‘throw carpet’; it is furnished with settees and low coffee tables. A most MAGNIFICENT STAINED GLASS WINDOW provides the WOW factor to this area. From here you drop down to a further dining area (4) often used for private occasions.
DINING ROOM (36) is bright and contemporary with an INGLENOOK FIREPLACE to one end. Furnished with polished dark wood tables and upright chairs, it has a low beamed ceiling and deep-set windows. A separate area for a table is set into an old porch way (very popular). CATERING KITCHEN is commercially equipped with full extraction benching, Hobart dishwasher, combi ovens, under counter refrigeration etc. LADIES & GENTS are to a good standard. BEER CELLAR is located in a separate out building.
Located to the upper floors, the accommodation is on several levels and of cosy cottage style. It comprises of on the 1st floor a kitchen/office, sitting room, family bathroom, and double bedroom, then to the 2nd floor an en-suite double bedroom (attic space available). There is a private yard which has further storage in outhouses.
The refurbished car park holds around 30 vehicles (depending on how many Range Rover owners are using the pub!) There is a lovely patio to the pubs front elevation with 6 tables and a further 3 tables on a cordoned area of the car park providing a canopied area for clients who smoke. The outbuilding (not part of the business) operates as the village shop.
Current trading hours are traditionally: Mon-Thurs 11am ‘til 3pm then 5pm ‘til 11pm with Fri, Sat & Sun all day. The New Premises License allows trading from 9am ‘til 1am, 7 days. A personal license will be required (our associate training company can assist with this).
The business is held on the ‘favourable’ – WHITBREAD LEASE (Now Enterprise Inns) lease of 20 years from Oct 1997, it is fully protected under the Landlord & tenant Act (54) conditions and fully renewable at its end for a further 20 years at no further premium and under no less favourable terms. Alternatively, Enterprise Inns have indicated, if preferred, that they will extend the lease by a further 5 years at the same rent by individual negotiation The business is virtually FREE OF TIE and with the freedom to purchase GUEST ALES, CIDER, WINES, and SPIRITS & MINERALS from any supplier at massive discounts. Machine income (net) is 100% retained by the lessee. Current business rent is a reasonable £34,500 p.a. which has been reviewed and is set for 3 years.
Mains sewage, electric, water is connected with Central Heating by LPG. Business rates payable are £14,000 p.a.
Our clients have run the business since Feb 2000 and have enjoyed their time in the village and pub providing for themselves and family a most acceptable lifestyle, business and comfortable home. Sales show £379,000 Inc. vat on a well-balanced split of 53% Dry to 47% Wet and a GP of £192,489 (60.8%). Accounts show a RNP (calculated after allowances for personal & 1 off expenses) of above £50,000 after paying all trade expenses including rent having lived out of the business.
A TRULY UNIQUE PLEASING BUSINESS LOCATED WITHIN A SLICE OF MID-ENGLAND, COUNTRY LIFE AT ITS VERY BEST, AN OPPORTUNITY WAITING A NEW DEDICATED OWNER FOR FURTHER ENJOYMENT.
To secure this business a deposit of £5,000 will give you exclusivity and a lock-out agreement with no further viewings, marketing or editorials taking place.
Accounts information will be made available to interested parties after viewing.
The Property was viewed by Graham Allman who will be delighted to discuss the opportunity with you 7 days a week on 07765 251 208.
Viewing appointments can be made via one of GA-SELECT Business Managers on 01530 41 41 40 who can also refer you to experienced solicitors, accountants, and other trade experts.
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